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Switch investment companies?

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Money Talk > Investing, Stocks and Bonds

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SirGeist
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Joined: 31 Jul 2011
Location: Oregon
Switch investment companies?  Reply with quote  

Hello, all. Just found these forums and have a question I've been considering for a while...

I'm looking at the possibility of changing my investment companies, from USAA to Vanguard. The biggest reason for the switch is to take advantage of Vanguard's super-low expense ratio's on their Admiral mutual funds. For the funds I'm looking at, the difference in expenses is between 60%-75% less at Vanguard. I'm very happy with what I've got right now, just not sure if it's worth making the move over to vanguard to save .2%-.4% of my values in expenses.

my questions...
1) Do you think switching to Vanguard is a good idea for me?
2) Are there any restrictions or implications for moving from MF's at one company to very similar MF's at a different company?
3) Should I totally close my USAA investment accounts, or leave them open with a few hundred dollars?

If it matters, I currently have about $8k in unrealized gains in my non-retirement MF's, total of about $60k (plus $32k in a Roth) that I'm looking at moving. I'm 25 y/o, in the 15% tax bracket, about $30k taxable income.

Thanks!
Post Sun Jul 31, 2011 1:13 am
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SirGeist
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Cash: $ 1.05

Posts: 5
Joined: 31 Jul 2011
Location: Oregon
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I do use only index funds, and through them I maintain my asset allocation (which I've used for years and I'm comfortable with). The greater selection in index funds offered by Vanguard is another reason I was considering the change. Because my investments all index funds, performance/returns are fairly similar in the comparison. I agree that USAA is stellar for customer service (one reason I'm so happy with them), though in my case, it doesn't really matter much for this--in 5 years, I've never called them regarding my investments.

So would making the change basically be a wash for me then? If that's the case, I suppose it wouldn't be worth the trouble. Just not sure how meaningful the lower expenses would be to justify the switch.
Post Sun Jul 31, 2011 10:46 am
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Donald D
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Joined: 26 Dec 2017

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Various investment companies providing the best advantages to the customers who invest their money for health reason. As such I don’t have idea about investment company as I can’t help your in this. I’ll share the best assignment company forum with others as well to discuss the question.
Post Tue Dec 26, 2017 10:49 am
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